Was listening to a training on blockchain my company put on the other day. The lady was talking about how most large companies will only use blockchain for something that there is no other solution to because they are complicated and expensive to run when compared to centralized solutions.
She stated some need opportunities to other areas that had no solutions as well as stating that with no technology we always over estimate the growth in the short term and underestimate the impact in the long term.
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"we always over estimate the growth in the short term and underestimate the impact in the long term."
This is true although we are seeing the pace of things increasing. It took less than 7 years for smartphones to reach 70% penetration rates in the US. It to the pc/laptop over 30 years.
Blockchain will have its day although it will take a while to get there.
Her point was that in 10 years we will be using crypto and blockchain in ways not yet even imagined. When the internet was first created who could have imagined the impact it would have for commerce, communication, and information sharing.
I remember youtube was just a place where you could upload and share family videos. Look at what it has become today. I remember when I first heard of facebook and thought Twitter was dumb testing it for the first time, and thats just 0.0001% of the internet.
Oh I agree with that 1000%. We are going to have use cases in a decade that we cannot even imagine. The first iteration is to replace what is known. Hence we see new technology as a replacement for what is in front of us. It is the second and third generations that really set things in motion in a big way.